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Food and agriculture
Productivity growth combined with new land sector markets could lift our agrifood exports and deliver regional economic benefits.
Future agricultural prices and land sector incomes are projected to trend upwards. Australia’s most productive agricultural land is likely to continue to be used for productive agricultural use.
With productivity improvements in line with long-term trends, Australian agricultural output volumes are projected to rise by at least 50% by 2050 – even in scenarios where bioenergy and plantings for carbon sequestration increase.
New markets and policy settings that enable carbon farming, especially in currently less productive areas, would allow many rural landowners to increase and diversify their incomes.
(For more information about the Australian National Outlook visit csiro.au/nationaloutlook)